the case. A Will Writer will be able
to give you in depth advice as to
how they access your needs.
Where the inclusion of trusts
takes place the cost of a Will is
likely to increase. Consider also
that your Will writer can help you
with LPA’s, severing the tenancy
on your property, as well as Will
storage. These will all have a cost
attached to them.
Remember that you’re not
only paying for the Will but for
the advice being provided.
Consider the tax savings on the
estate as well before coming
to the conclusion that it’s all too
expensive.
In summary, there are no fixed
costs for a Will. It depends on
your needs, the advice provided,
and there are countless variables
like location etc. Speak with a
Will Writer to get an idea and
remember not to feel pressured.
Will storage – practical
considerations
The key considerations when it
comes to Will storage are that when
the time comes, your executors
need to know where your Will is
so they can act upon your wishes.
We’ve heard countless stories of
Will Writers going out of business
and clients not being able to find
their Will, people storing at home
and the Wills going missing or
being destroyed by accident.
Remember that if you store your
Will in a bank deposit vault then
your executors won’t be able to
access it.
If you chose something like The
National Will Archive through the
SWW then your executors can be
provided with ‘credit card’ style
records of where the documents
are held. You as the testator will
be provided with a certificate of
safe storage. We store in excess
of 100,000 documents.
www.thenationalwillarchive.co.uk depending on the other services
being offered and what is stored.
If updates are included, then it is
likely to increase.
The difference between
storage and registration The Society of Will Writers do
not believe in lifetime storage
with free updates. There are no
guarantees that the Will writing
company will be able to guarantee
this service or be there to offer
the service in years to come.
It is important to note that there
is a difference between Will
storage and Will registration.
There is no national register for
Wills but Certainty – The National
Will Register hold probably the
largest record of where Wills are
stored. They know the location of
over 7.5 million Wills. They don’t
store Wills.
Will storage is just that; the physical
storage of the Wills. If your Wills
are stored with The National Will
Archive then it is likely that they
are registered with Certainty. This
will increase the chances of a Will
being found should the location
not be known by the executors in
a Will.
Nervous about writing your
Will..
Don’t be. Remember, you’re in
control and you can ask as many
questions as you like. You wouldn’t
buy a car if you weren’t happy, so
apply the same logic. If you have
any questions then speak to the
Society of Will Writers by calling
01522 68 78 88.
Alternatively visit our website:
www.willwriters.com
What does storage cost?
Typically, Will storage is charged
annually. This ranges from
£30 to £50 but can cost more
The Society of Will Writers
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